positive trends?

below are tow charts the first being the inventory on homes on the market while still substantially above last year (18% higher) it appears that inventory has peaked and is heading for its traditional slow decline through the end of the year. the second is pending sales again the number of pending sales seems to have found s solid floor which is a positive yet we are still substantially below last year at this time . pending sales are 30% below last year at this time. the two trends taken together indicate that we should see stabilization within the market place albeit at a lower level of activity.

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